CoinShares Launches First-Ever SEI Token ETP With a “Zero-Fee, 2% Yield” Model
- CoinShares launched SEI ETP to give access to European investors.
- SEI tokens will back the ETP with an annualized 2% staking yield.
- SEI’s price spiked 10% shortly after the latest ETP launch by CoinShares.
Crypto asset management firm CoinShares has launched an exchange-traded product (ETP) allowing investors to invest in SEI, a Layer-1 blockchain supporting high-speed, low-latency trading infrastructure.
According to reports, CoinShares will not charge management fees on the newly launched product; instead, the asset manager will offer 2% staking yield to benefit investors.
A “zero-fee” ETP that offers a 2% staking yield
The newly listed product will trade under the ticker CSEI on the SIX Swiss Exchange and will become the first investment vehicle to offer direct access to the SEI token. CoinShares stated that the product is designed to remove hurdles for institutional investors, such as complex custody requirements.
SEI tokens will reportedly back the newly launched ETP with an annualized 2% staking yield to investors. The latest rollout is one of CoinShares’ initial exchange-traded products. Meanwhile, it is worth noting that the asset manage…
The post CoinShares Launches First-Ever SEI Token ETP With a “Zero-Fee, 2% Yield” Model appeared first on Coin Edition.
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CoinShares Launches First-Ever SEI Token ETP With a “Zero-Fee, 2% Yield” Model
- CoinShares launched SEI ETP to give access to European investors.
- SEI tokens will back the ETP with an annualized 2% staking yield.
- SEI’s price spiked 10% shortly after the latest ETP launch by CoinShares.
Crypto asset management firm CoinShares has launched an exchange-traded product (ETP) allowing investors to invest in SEI, a Layer-1 blockchain supporting high-speed, low-latency trading infrastructure.
According to reports, CoinShares will not charge management fees on the newly launched product; instead, the asset manager will offer 2% staking yield to benefit investors.
A “zero-fee” ETP that offers a 2% staking yield
The newly listed product will trade under the ticker CSEI on the SIX Swiss Exchange and will become the first investment vehicle to offer direct access to the SEI token. CoinShares stated that the product is designed to remove hurdles for institutional investors, such as complex custody requirements.
SEI tokens will reportedly back the newly launched ETP with an annualized 2% staking yield to investors. The latest rollout is one of CoinShares’ initial exchange-traded products. Meanwhile, it is worth noting that the asset manage…
The post CoinShares Launches First-Ever SEI Token ETP With a “Zero-Fee, 2% Yield” Model appeared first on Coin Edition.
Read More
Altcoin Season Index Plummets to 69: What Does This Crucial Shift Mean?